It’s about 2 gay guys of the same chronological age, but of different cultural ages, going to see a Judy Garland tribute show, and trying to figure out if she still (or should) have a special place in the hearts of gays.
I weep for my people.
I’m only half-kidding. I have this theory that because of the holocaust that was the AIDS epidemic and its annihilation of the previous generation of gay men, the faith of our fathers risks extinction. Today, Judyism, like Yiddish, is little more than a vague cultural memory.
Not for me. But then I grew up in a bubble of fabulousness …
The street value of meth is $80 per gram, so 3.6 grams of pseudoephedrine yields a street value of $144 to $216.
But, at 30 mg per tablet, this is 120 tablets.
I don’t know about you, but my retailer won’t let me buy that much anyway. I think I can get 48 tablets in a package each day, with a street value of $60-90.
Duh … gee Davey … do you think we’ll have a problem if we retail something with a $60-90 value for $6-9?
Now that I’ve run the numbers, I have a better understanding of what the problem is.
And, you know what? When I have a sinus problem, I’d willingly pay $2 per tablet to make it go away (I already pay more than that, out-of-pocket, for a migraine medication that is covered by insurance).
Supposedly, there is marketing from big pharma behind the low retail price of pseudoephedrine products.
Of course, the response of a retailer like Wal-Mart is to increase the price of pseudoephedrine with non-monetary pressure: the OTC wait, the quantity limit, the ID showing, the separate purchase you have to make, and so on.
I’d prefer less command-and-control, and more market action.
So, as an economist, what I’d like to see is a big retailer like Wal-Mart jack up the price of to $2 per tablet. I think Wal-Mart is big enough to make that happen.
We’re finally watching Breaking Bad. Halfway through the second season, Walt reveals the folk economics he holds dear; folk economics is the often nonsensical belief system that substitutes for economics in the untrained.
In this case, Walt plans to pursue an old belief that remains popular today, even though economists have shown that it pretty much never works out.
Here’s the plan: erstwhile normal guy and ersatz drug kingpin Walt, after vicariously eliminating three layers of competition, has a monopoly — so now his plan is to raise the price.
This works in the short-run, but not in the long-run. Folk economic beliefs miss that long-run consequence.
The reason is that “vicariously eliminating two layers of competition” by liquidation is a form of raising costs and reducing profitability for others. What keeps out new competition is the signal that potential future profits are low.
But, Walt is going to intentionally muddy this by raising prices, signaling higher potential profits and encouraging new entrants into the market.
This is going to go badly. Of course, not having it work out might be a story arc for the show, so don’t spoil it for me.
Something struck me about this, and it’s hard for me to tell if it’s Harrison or Scorcese: there were no “normal” people to offer opinions about Harrison. No butchers, bakers or candlestick-makers — but plenty of world class people.
When Harrison went out solo, he led a huge star-studded concert, and then went on tour with a world class sitar player.
When he joined a band, it was a supergroup (i.e., Traveling Wilbury’s).
He raced cars … so he was friends with racing legend Jackie Stewart.
He’s interested in comedy … so he’s friend with the Pythons.
And so on.
This made me think that he must have been very like Barack Obama. All the little people love him so, but he doesn’t actually know any of them.
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